Bringing the Developmental State Back in the Age of Exponentiality

In: S.J. Baek, ed. The Political Economy of Neo-Modernisation: Rethinking the Dynamics of Technology, Development and Inequality. London: Palgrave Macmillan, 2018, pp.273-304

Posted: 24 Sep 2018

Date Written: July 24, 2018

Abstract

Although there have been significant warnings against the forthcoming Industrial Revolution, no one is able to confidently predict the future of convergence technologies and innovations. Nevertheless, states must be prepared for this uncertain future and be ready to mark new paths of innovation and development. As long as the role of a state is embraced, the Tetris principle is introduced to systemise how a state designs and implements its policy framework to maximise socio-economic benefits while dealing with those future uncertainties. In particular, the policy directions on how to transform such uncertainties into opportunities are proposed on the basis of the Tetris principle, which considers a convergence between innovation, policymaking capacity, fairness and justice, human capital for convergence, and an ageing society.

Keywords: Neo-Developmental Statism, Tetris Hypothesis, Innovation and Convergence, Policymaking Capacity, Fairness and Justice, Human Capital, Ageing Society, The Fourth Industrial Revolution

Suggested Citation

Baek, Seung Jin, Bringing the Developmental State Back in the Age of Exponentiality (July 24, 2018). In: S.J. Baek, ed. The Political Economy of Neo-Modernisation: Rethinking the Dynamics of Technology, Development and Inequality. London: Palgrave Macmillan, 2018, pp.273-304, Available at SSRN: https://ssrn.com/abstract=3241385

Seung Jin Baek (Contact Author)

United Nations ( email )

Kuwait

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
97
PlumX Metrics